YANGON — As rents in the commercial capital rise, the illegal but common practice of landlords demanding six months’ or even a year’s rent upfront is stretching Yangon’s residential and business tenants to breaking point. Mr Soe Win Maung runs a roadside Shan noodle shop and stays with his wife in the top-floor loft of […]
Air Bagan Temporarily Ceases Operations
August 24, 2015 by
Local carrier Air Bagan has temporarily suspended its operations in order to perform maintenance on its fleet of three airplanes. Air Bagan, which was established in 2004, has difficulties in buy or lease more aircraft due to US economic sanctions, or acquire necessary spare parts for its two ATR42-320s and one ATR72-500 aircraft, resulting in […]
Another wait for mine bill
November 25, 2014 by
Approval of the Mining Amendment Bill has been delayed again as hluttaw members dispute whether or not some of its provisions are constitutional. The main focus of the current disagreement is whether to grant licences to mining companies for 15 years or 25 years. The bill is an attempt to update legislation that many see […]
Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015
September 16, 2014 by
Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]
Myanmar’s parliament Speaker to visit Vietnam
September 9, 2014 by
Speaker of the Assembly of the Union of Myanmar Thura U Shwe Mann will pay an official visit to Vietnam starting Friday, the National Assembly’s External Relations announced Wednesday. The five-day visit, from September 5-9, will be made at an invitation of Vietnamese National Assembly Chairman Nguyen Sinh Hung, who visited Myanmar in July 2013 […]
Electricity price hike set for April 1
March 26, 2014 by
In an effort to reduce state spending, the Pyidaungsu Hluttaw last week voted to move forward with a plan to increase the price of electricity as of April 1 for households by as much as 42.8 percent for units used over a certain threshold, parliament announced last week. Though households will still pay K35 per […]
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